Orbiter Finance is a ZK technology-based cross-rollup bridge designed to connect different Ethereum L2 rollup chains. It allows users to facilitate easier, faster, and more cost-effective transfer of data and digital assets from one L2 to another compared to other cross-chain bridges. Recently, the Orbiter bridge team announced its plans to expand from a cross-rollup bridge to a complete L2 network, preparing to shift towards an 'omni-connection' future.
The bridge currently supports Zero-knowledge and Optimistic rollup chains, such as Optimism, Linea, Base, Scroll, Starknet, and many others, as well as side-chain networks, including Arbitrum and Polygon.
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With the growth of fee costs and the ongoing slow execution of smart contracts on Ethereum, it became clear that Layer 2 solutions are able to address the problems of high gas fees and scalability on Ethereum comprising the same level of security. However, even with the new possibilities L2 solutions provide, it is still expensive and uncomfortable to transfer assets and data trustlessly between those networks using traditional cross-chain bridges.
It aims to solve this problem, offering cheaper and faster cross-rollup transfers of assets compared to usual cross-chain bridges. On the mainnet, the bridge currently supports over 10 different L2 chain networks, including Arbitrum, Polygon, zkSync, Starknet, Base, Scroll, Linea, and others. With Orbiter crypto bridge users can save up to 6 times quicker and cheaper transactions, all underpinned by Zero-Knowledge proof technology.
As of 2024, it has managed to secure support from a significant number of funds and investors, including OKX Ventures, Mirana Ventures, Tiger Global Management, and more, hosting a total of three private funding rounds. However, the amount of funds raised during these rounds remains publicly undisclosed.
🪙 Orbiter Finance token: On January 17, 2025, the platform announced the release and airdrop of its native $OBT token, which will be used for governance voting and staking. The airdrop requirements depended on the number of Orbiter points acquired, which the platform granted to users engaging with the Orbiter bridge.
Analyzing the information available in the public domain about the project, the CoinLaunch team found a few key pros and cons you need to consider before participating in the Orbiter.Finance airdrop or potential token sales.
Orbiter Finance Pros:
Orbiter Finance Cons:
Orbiter Finance is a cross-rollup bridge that empowers users to transfer assets and data across 19 different networks almost 6 times faster and cheaper compared to other cross-chain bridges. It is powered by complex and innovative Zero-Knowledge technology, which enhances cross-rollup transactions, making them more trustless and secure.
Orbiter Finance hasn’t publicly announced its plans regarding the token release and airdrop in the near future. However, the ongoing O-points farming campaign on the Orbiter bridge page and the rumors among the crypto community suggest that a token release and airdrop may not be far off.
Orbiter Finance is a cross-chain bridge connecting Solana, Sui, Ethereum, and Bitcoin ecosystems. It allows users to transfer $ETH, $BTC, $SOL $USDT, and more assets across over 93 various blockchains. It is powered by the native $OBT token which will be used for governance votings and powering its security layer via staking.
On January 20th, 2025, the platform is set to launch a post-listing launchpool event on the Bybit exchange, allocating nearly 0.8% of the total supply for the event.
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